3
QuizMultiple Choice

Social Security and Medicare

Question 3 • Financial Math - MA2007

One possible solution to a diminishing Social Security payroll is to decrease the Social Security benefit by 13%. How would such a decrease effect the benefits on a salary of $54,000? a.Benefit would decrease by $1,404 annually.b.Benefit would decrease by $7,020 annually.c.Benefit would decrease by $8,640 annually.d.Benefit would decrease by $15,660 annually.

Answer
A
A
B
B
C
C
D
D
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